| |
|
|
|
GROUP |
|
COMPANY |
|
| |
|
|
|
Year ended |
|
Year ended |
|
Year ended |
|
Year ended |
|
| |
|
|
|
31 Dec 2005 |
|
31 Dec 2004 |
|
31 Dec 2005 |
|
31 Dec 2004 |
|
| |
|
|
|
|
|
Restated |
|
|
|
Restated |
|
| |
|
|
|
Rm |
|
Rm |
|
Rm |
|
Rm |
|
31.
|
TAXATION
|
|
|
|
|
|
|
|
|
|
|
|
South African normal taxation |
|
|
|
|
|
|
|
|
|
|
|
Current taxation – current year |
|
|
7,9 |
|
6,2 |
|
0,3 |
|
1,8 |
|
|
Current taxation – prior year |
|
|
(3,7) |
|
(4,0) |
|
(3,2) |
|
– |
|
|
Deferred taxation – current year |
|
|
37,4 |
|
16,5 |
|
(1,1) |
|
– |
|
|
Deferred taxation – prior year |
|
|
2,0 |
|
5,1 |
|
(0,4) |
|
– |
|
|
Secondary taxation on companies |
|
|
2,6 |
|
0,8 |
|
– |
|
– |
|
|
Taxation charge for the year |
|
|
46,2 |
|
24,6 |
|
(4,4) |
|
1,8 |
|
|
Reconciliation of taxation charge |
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before taxation and impairment |
|
|
|
|
|
|
|
|
|
|
|
of subsidiaries |
|
|
248,7 |
|
265,9 |
|
16,2 |
|
(15,2) |
|
|
Taxation at 29% (2004: 30%) |
|
|
72,1 |
|
79,8 |
|
4,7 |
|
(4,6) |
|
|
Adjusted for: |
|
|
|
|
|
|
|
|
|
|
|
– permanent differences |
|
|
(22,7) |
|
(40,4) |
|
(5,5) |
|
6,8 |
|
|
– change in taxation rate |
|
|
3,8 |
|
– |
|
– |
|
– |
|
|
– deferred taxation asset not raised |
|
|
1,3 |
|
(5,9) |
|
– |
|
– |
|
|
– taxation attributable to joint ventures |
|
|
(0,5) |
|
(0,5) |
|
– |
|
– |
|
|
– secondary taxation on companies |
|
|
2,6 |
|
0,8 |
|
– |
|
– |
|
|
– utilisation of assessed losses |
|
|
(8,7) |
|
(20,1) |
|
– |
|
– |
|
|
– adjustment in respect of previous years |
|
|
(1,7) |
|
10,9 |
|
(3,6) |
|
(0,4) |
|
|
Effective taxation charge |
|
|
46,2 |
|
24,6 |
|
(4,4) |
|
1,8 |
|
|
Corporate taxation is calculated at 29% (2004: 30%) of the estimated taxable income for the year. |
|
The Minister of Finance announced a reduction in the rate of corporate taxation from 30% to 29% during 2005 |
